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Student loans
Hi All,
I'm new to this site and just wanted a little advice from somebody who may know.
Recently I have completed my financial details online for my son's student loan application with my current income which is all fine ( 2019-2020 earnings.)
However, the current year 2020-2021 my earning have dropped considerably and I plan on notifying HMRC, but I have had a large capital gain, due to my business winding up.
Does this capital gain get taken into account on the application when I re-submit the form for a change in income circumstances? Its not very clear on the form as to where this needs to be allocated, if at all...!
Many thanks in advance.
I'm new to this site and just wanted a little advice from somebody who may know.
Recently I have completed my financial details online for my son's student loan application with my current income which is all fine ( 2019-2020 earnings.)
However, the current year 2020-2021 my earning have dropped considerably and I plan on notifying HMRC, but I have had a large capital gain, due to my business winding up.
Does this capital gain get taken into account on the application when I re-submit the form for a change in income circumstances? Its not very clear on the form as to where this needs to be allocated, if at all...!
Many thanks in advance.
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